Cyprus Company Formation

Cyprus Company Formation

The main steps in establishing a new business in Cyprus are: Application for approval of a business name (with the Registrar of Companies), at a cost of EUR8.54 for a standard application, or EUR25.63 for an urgent application in 2010  Registration of a company or partnership  Application for a business licence, where necessary  Registration with Cyprus tax...
Public transport in Cyprus

Public transport in Cyprus

Since Cyprus has no railway system the best way to get around is by bus or by car. A new and modern public transport system connects cities and rural areas. Airports and harbours link the island to the mainland. Bus Four different types of bus service can be used to discover Cyprus. Trans-urban buses connect towns whereas rural ones link the villages to bigge...
Buying a holiday home or permanently living in Cyprus

Buying a holiday home or permanently living in Cyprus

Many people buy a holiday home in Cyprus with a view to living there permanently or semi-permanently when they retire. The island has always been a popular location with British buyers, especially retirees, and almost 30,000 of them own homes there, a further 10,000 choosing to rent properties. However, estate agents are now seeing an increased demand from younger people with ...
Essential checks before you buy a property in Cyprus

Essential checks before you buy a property in Cyprus

There are a number of essential checks to be made before you buy a home in Cyprus. These should all be made by your lawyer, but you should be aware of them so that you can ask your lawyer the right questions at the right time. Make sure that the vendor is the legal owner of the property and that there are no outstanding debts relating to it, such as a mortgage. This is done ...
Golf Courses in Paphos

Golf Courses in Paphos

Aphrodite Hills Golf Courses in Paphos Aphrodite Hills is an award winning integrated golf, leisure and real estate development. It is an 18-hole championship standard golf course, has a double ended 350m practice range, 4 target greens with bunkers, short game practise facilities, 3 academy holes, two residential professional golf instructors, a large clubhouse with a bar and...
Taxes are an important consideration when buying in Cyprus

Taxes are an important consideration when buying in Cyprus

An important consideration when buying a home in Cyprus, whether you’re a resident or non-resident, is taxation, which includes income tax, immovable property tax, capital gains tax, inheritance tax and value added tax. If you live permanently in Cyprus, you will have to pay Cypriot income tax on your worldwide earnings. However, the good news is that tax rates are some o...
Explore paphos with sea cruises

Explore paphos with sea cruises

A unique way to explore and enjoy the crystal waters of the rugged Pafos Coast line.  Full Day CruiseFor that extra tan, leave behind the sand and cruise the crystal clear waters of the Mediterranean. Cruise to the West from Paphos Harbour towards the famous and legendary Akamas. You will have the opportunity to see the majestic scenery of the coastline, Coral Bay, Th...
Paphos Beaches

Paphos Beaches

The Region boasts over 50km of coast with a total of 27 beaches and Blue Flag awards have been given to around 12 of these beaches with the Gold award being awarded to the Pafos coastal zone. The sea is a wonderful playground for all ages, whether it’s just a gentle paddle on a daily basis or a keep fit practice, a wonderful underwater adventure zone for divers, or a way ...
Annual Immovable Property Taxes and Fees in Cyprus

Annual Immovable Property Taxes and Fees in Cyprus

Immovable Property Ownership Tax  Until the end of 2016, the registered owner of the property, was liable to an annual Immovable Property Ownership tax calculated on the market value of the property as at 1st of January 1980 (paid by the 30th of September in the year). Immovable Property Tax was payable to the Inland Revenue Department of the Republic of Cyprus. Rates ar...
An Expat Guide To Financing Property Purchases  In Cyprus

An Expat Guide To Financing Property Purchases In Cyprus

In spite of being a foreign citizen, you should not face any trouble if you decide to apply for a mortgage with a Cypriot bank or financial institution. The interest rate as well as the terms and conditions are quite competitive compared to other countries. In 2014, the Central Bank of Cyprus dropped the rates of interest on loans to stimulate lending, consequently increasing t...
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